German urban logistics and light industrial assets promising, DLE says

German urban logistics and light industrial assets promising, DLE says

The pandemic has brought logistical real estate and infrastructure into the spotlight driven by long-term underlying e-commerce trends. It is advant...

SK's 5-year journey toward batteries, bio and chips

SK's 5-year journey toward batteries, bio and chips

Back in January 2017, SK Group Chairman Chey Tae-won emphasized the need for “deep change," in his New Year message and presented the phrase a...

NAVER revs up its NFT arm

 NAVER revs up its NFT arm

South Korea’s internet juggernaut NAVER Corp. is gearing up to enter the NFT business – through its affiliate LINE Corp.LINE NEXT, a ven...

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...

Creditors to unveil new plans next week to sell DSME

Creditors to unveil new plans next week to sell DSME

Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...

Motional to begin robotaxi dispatch next year

Motional to begin robotaxi dispatch next year

US-based autonomous vehicle company Motional Inc. announced its plans for the commercialization of driverless cars based on the all-electric Hyundai...

SK, Qualcomm discuss cooperation on memory chips

SK, Qualcomm discuss cooperation on memory chips

LAS VEGAS – Chief executives of South Korea's energy-to-telecom conglomerate SK Group on Thursday met with Qualcomm CEO Cristiano Amon and dis...

CJ Group promotes chairman’s son, signals 3rd-generation succession

CJ Group promotes chairman’s son, signals 3rd-generation succession

South Korea's CJ Group promoted the group chairman's son Lee Sun-ho to a new executive-level position Monday, paving the way for a third-generatio...

VCs in Korea shell out in search of next unicorns

VCs in Korea shell out in search of next unicorns

2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...

Hyundai Motor overhauls management in biggest-ever generational revamp

Hyundai Motor overhauls management in biggest-ever generational revamp

Hyundai Motor Group, South Korea’s second-largest conglomerate, on Friday replaced its mid-tier executives in its largest personnel reshuffle ...

Samsung supplies self-driving, infotainment chips to global carmaker

Samsung supplies self-driving, infotainment chips to global carmaker

Samsung Electronics Co. is supplying advanced memory chips to an unidentified global automaker for use in its self-driving and infotainment systems....

SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip

SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip

South Korea’s SK Hynix Inc. said on Wednesday it has shipped samples of 24 Gigabit (Gb) double data rate 5 (DDR5) DRAM, the industry’s h...

Hyundai’s new Genesis G90: Epitome of luxury design identity

Hyundai’s new Genesis G90: Epitome of luxury design identity

After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...

Samsung to produce STMicro's MCUs for use in iPhones

Samsung to produce STMicro's MCUs for use in iPhones

Samsung Electronics Co. has won a foundry order from Switzerland-based STMicroelectronics to produce microcontroller units (MCUs) for use in Apple I...

Samsung’s mid-tier executive reshuffle: More female and foreign faces

Samsung’s mid-tier executive reshuffle: More female and foreign faces

Samsung Electronics Co. on Thursday carried out its year-end reshuffle of mid-tier executives, marked by the highest number of promotions for female...

Korea Inc 2021: Year of record M&As, tie-ups and spin-offs

Korea Inc 2021: Year of record M&As, tie-ups and spin-offs

South Korea’s corporate sector has seen record deals through mergers and acquisitions, tie-ups and spin-offs this year, as big companies and s...

Halla’s autonomous driving unit HL Klemove eyes $3.4 bn sales by 2030

Halla’s autonomous driving unit HL Klemove eyes $3.4 bn sales by 2030

Halla Group’s newly-launched autonomous driving solutions subsidiary HL Klemove targets 4 trillion won ($3.4 billion) in revenue by 2030 by ac...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

Korea's first game NFT exchange to open next month

Korea's first game NFT exchange to open next month

Come next month, Korea will see its first online game-based non-fungible token exchange. Seoul-based video game developer WeMade Co., Ltd will ...

Mental health app Spring Health emerges amid pandemic

Mental health app Spring Health emerges amid pandemic

Spring Health, a US-based mental health care provider, has emerged stronger in the prolonged pandemic era, with the five-year-old startup valued at ...

Global cities with young elites will survive in long term, RXR chairman says

Global cities with young elites will survive in long term, RXR chairman says

Now it is time to invest in e-commerce, healthcare and multifamily housing, or the so-called three megatrends, which have increased in demand during...

KakaoPay chief tapped as co-CEO in Kakao management shakeup

KakaoPay chief tapped as co-CEO in Kakao management shakeup

Young-joon Ryu and Min-soo Yeo, slated as Kakao Corp. co-CEOs come March Korea’s largest mobile messenger provider Kakao Corp. is slated ...

SK On seeks $2.5 bn in new funding for battery plants

SK On seeks $2.5 bn in new funding for battery plants

SK On Co., one of South Korea's top three rechargeable battery makers, plans to raise around 3 trillion won ($2.5 billion) in a pre-IPO share sale n...

Korea Inc. braces for rising costs, supply chain risks, volatile FX

Korea Inc. braces for rising costs, supply chain risks, volatile FX

Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...

Millennial tapped to head online giant Naver

Millennial tapped to head online giant Naver

Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...

Amazon poised for Fire tablet launch in Korea next year

Amazon poised for Fire tablet launch in Korea next year

Amazon, the world’s largest online shopping mall, is set to release its own Fire tablets in South Korea from as early as next year, penetratin...

Korean TV stars tipped for Kosdaq IPO windfalls

Korean TV stars tipped for Kosdaq IPO windfalls

A spate of South Korean entertainment companies' public listings will likely create windfalls of up to tens of millions of dollars for Korean TV sta...

Korea’s state electric companies to cease coal power generation by 2050

Korea’s state electric companies to cease coal power generation by 2050

State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...

Hyundai to set up UAM research center in LA next year

Hyundai to set up UAM research center in LA next year

South Korea’s Hyundai Motor Group is accelerating the urban air mobility (UAM) business with a plan to set up a research center for the sector...

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution Ltd., a leading South Korean battery maker, has signed a deal to supply batteries to Nikola Corp., a US hydrogen fuel cell electr...

HYBE to bring K-pop idol playbook to India, tapping local talent POSCO sets sights on lithium production in US Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy